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North Carolina's labor market ended 2016 on a strong note. Total employment in the state hit 4,360,200 jobs in December, up two percent from the December 2015 figure
Published: Tuesday, January 31st, 2017 @ 2:43 pm
By: John Locke Foundation
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The 2016 N.C. legislative session was short, but full of significant action: limiting the growth of government, cutting taxes, paying down debt, building savings, raising teacher pay by almost 5 percent, protecting property rights, and continuing the momentum toward economic growth
Published: Sunday, October 16th, 2016 @ 3:27 am
By: John Locke Foundation
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North Carolina policymakers should boost entrepreneurship and economic growth by focusing their next round of tax reform on capital gains
Published: Wednesday, June 22nd, 2016 @ 4:54 pm
By: John Locke Foundation
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Here's a statement that North Carolinians of all political stripes can agree is a fact: Gov. Pat McCrory and the state legislature have enacted the largest tax cut in the history of North Carolina
Published: Wednesday, February 10th, 2016 @ 3:23 pm
By: John Locke Foundation
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Why do we call fussy government regulations "red tape"?
Published: Thursday, January 14th, 2016 @ 2:22 am
By: John Locke Foundation
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The General Assembly's top economist on Thursday said that, unlike last year, when state tax collections appeared to suggest a shortfall in General Fund revenues, state government is on track to meet its projections for the current budget year.
Published: Wednesday, January 6th, 2016 @ 9:15 pm
By: John Locke Foundation
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Governor Pat McCrory and Department of Natural and Cultural Resources Secretary Susan Kluttz celebrated the preservation of Historic Tax Credits (HTC) in North Carolina at an event in Burlington today. Restoring the HTC was a major element in Governor McCrory's legislative agenda that he detailed...
Published: Tuesday, October 27th, 2015 @ 11:51 pm
By: McCrory Communications
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With the House passing a $21.735 billion General Fund budget by an 81-33 vote early Friday morning, and Gov. Pat McCrory saying he would approve the spending plan, lawmakers will shift their focus to outstanding items such as a $2 billion bond package and Medicaid reform before adjourning.
Published: Saturday, September 19th, 2015 @ 7:43 pm
By: John Locke Foundation
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State taxpayers will pay $400 million less over the next two years if lawmakers pass a $21.735 billion state budget deal announced Monday by legislative leaders. The 2016-17 state budget also expands the sales tax base to include more repair and service work to help offset the tax rate reductions.
Published: Thursday, September 17th, 2015 @ 3:26 am
By: John Locke Foundation
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Despite the welcome news of a budget surplus in Raleigh, the fiscal and economic forecast for North Carolina over the next couple of years is not all blue skies and placid seas.
Published: Monday, June 22nd, 2015 @ 2:06 pm
By: John Locke Foundation
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Senate Republicans are pushing bills to reduce the state corporate income tax rate from 5 percent this year to 3 percent in 2017, and restructure the manner in which corporate taxes are calculated. The intent behind the legislation is to make the state more business-friendly and better able to...
Published: Monday, March 23rd, 2015 @ 10:29 pm
By: John Locke Foundation
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Earlier this month, the NC House introduced the "NC Competes Act," a bill that would expand the state's Job Development Investment Grant program (JDIG), and extend targeted tax breaks for datacenters and a major passenger airline. Yesterday, the Senate introduced two bills designed as an...
Published: Sunday, March 22nd, 2015 @ 12:59 am
By: Civitas Insitute
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If North Carolina's tax burden has no effect on business decisions and the performance of the economy, as left-of-center politicians and editorialists have repeatedly insisted, then why are they so enamored with targeted tax breaks?
Published: Tuesday, March 17th, 2015 @ 11:45 am
By: John Locke Foundation
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Proving yet again that corporate welfare is a bipartisan problem, four Republican legislators last week introduced House Bill 117, NC Competes Act. The primary sponsors of the bill are Reps. Susan Martin (R-Wilson), Charles Jeter (R-Mecklenburg), Jeff Collins (R-Nash) and Bob Steinburg...
Published: Tuesday, March 3rd, 2015 @ 7:43 pm
By: Civitas Insitute
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When I’m not reading public-policy tomes for work or escapist science fiction for play, any book you’ll find in my hands will probably be a work of history.
Published: Wednesday, August 20th, 2014 @ 9:50 am
By: John Locke Foundation
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The N&O chronicles the movie industry crybabies as they pack up to leave North Carolina in the wake of a state decision to trim and streamline benefits for filming in the state
Published: Wednesday, August 13th, 2014 @ 10:35 am
By: Brant Clifton
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We don't know what the composition of the North Carolina General Assembly will look like after the November election. Republicans are favored to hold their majorities in both legislative chambers, to be sure, but their edge could shrink a lot, shrink a little, or stay roughly the same (a net increas
Published: Monday, August 11th, 2014 @ 11:36 am
By: John Locke Foundation
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The debate about recent economic growth in North Carolina has a peculiar dynamic. Democrats who think President Barack Obama's economic policies have succeeded are simultaneously claiming that the economic policies of North Carolina's legislature and Gov. Pat McCrory are failing. Republicans who...
Published: Thursday, June 12th, 2014 @ 3:47 pm
By: John Locke Foundation
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Conservative icons such as Ronald Reagan, Barry Goldwater, and Milton Friedman would have appreciated some of the North Carolina General Assembly's key accomplishments in 2013. That's the assessment of John Locke Foundation President John Hood, who discussed the issue with Donna Martinez for...
Published: Wednesday, March 5th, 2014 @ 2:42 pm
By: John Locke Foundation
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Any political movement that can turn out tens of thousands of protesters on a chilly morning in February must be deemed impressive.
Published: Friday, February 14th, 2014 @ 11:55 pm
By: John Locke Foundation
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The average North Carolina household in every income category received a tax cut from the 2013 tax reform.
Published: Saturday, January 18th, 2014 @ 8:46 pm
By: John Locke Foundation
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The city of Charlotte and Mecklenburg County have approved a proposal giving Cedar Fair Entertainment, the corporate owner of the Carowinds amusement park, $922,468 in incentives over the next three years to help the park build new rides and attractions. The city council approved its $330,000...
Published: Wednesday, October 2nd, 2013 @ 12:08 am
By: John Locke Foundation
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If your goal is to foster economic growth and job creation, there's a right way and a wrong way to cut taxes on business. Fortunately, Pat McCrory and the General Assembly made the right choice.
Published: Tuesday, September 10th, 2013 @ 9:42 am
By: John Locke Foundation
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When you hear politicians utter the phrase "economists say," be skeptical. There may well be economists who agree with their particular policy idea. But economists and other social scientists don't speak with one voice. There are many differences of opinion, reflecting differences in assumptions...
Published: Thursday, July 25th, 2013 @ 1:29 am
By: John Locke Foundation
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Pundits, partisans and politicos have offered their views on the tax plan passed this week, ranging from praise to please.
Published: Thursday, July 18th, 2013 @ 10:34 pm
By: Tom Campbell
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Today Representative Paul Tine announced that he voted for the Tax Reform Bill, House Bill 998.
Published: Thursday, July 18th, 2013 @ 5:03 pm
By: Stan Deatherage
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Although news accounts and political chatter continue to emphasize the differences between the North Carolina House and Senate on tax reform, the latest Senate proposal took major strides toward the House position on a number of points. In reality, the two chambers are now fairly close to an agreeme
Published: Thursday, July 4th, 2013 @ 8:53 am
By: John Locke Foundation
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Members of the House Finance Committee heard the details of the House tax reform plan this week.
Published: Tuesday, June 4th, 2013 @ 2:34 pm
By: Stan Deatherage
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Does state tax policy affect state economic growth? Fiscal conservatives tend to say yes. Fiscal liberals tend to say no.
Published: Monday, May 27th, 2013 @ 5:20 pm
By: John Locke Foundation
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Last week, I assessed the tax reform plan offered by Senate leader Phil Berger and his colleagues. While crediting the Senate plan for setting the proper goals...
Published: Monday, May 20th, 2013 @ 12:02 am
By: John Locke Foundation
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Bill Clinton staged an incredible comeback in 1996, following the HillaryCare fiasco, by practicing triangulation -- positioning himself somewhere between the liberalism of his fellow Democrats and the conservatism of the Republicans.
Published: Thursday, May 9th, 2013 @ 2:14 am
By: Brant Clifton
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Local media consumers may have picked up a bit of trivia lately: North Carolina's new governor isn't a Democrat. This break from The Way Things Are Done 'Round Here has led to...
Published: Friday, April 26th, 2013 @ 3:26 am
By: John Locke Foundation
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Don't count me among those who think President Obama and Congress will spend the next month locked in a death struggle over marginal income tax rates.
Published: Saturday, December 1st, 2012 @ 2:22 pm
By: John Locke Foundation
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